Are banks keeping the [good] faith? Changes and more delays expected

March 2013

The Volcker Rule is clearly one of the most important pieces of the global regulatory reform puzzle. Although most banks know the rule is here to stay, it is still not certain how it will be applied and how it will impact bank business models going forward.

This FS Regulatory Brief provides our view of (a) where banks stand right now in preparing for Volcker, (b) the timing of the final rule and what it may look like, (c) the response of foreign regulators, and most important (d) what banks should be doing now.

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